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406 Inland Drive

Wheeling, IL 60090
  • $649,900
  • STATUS: Active Under Contract
  • ON SITE: 138 days
  • MLS #: 11024893
Under Contract
UPDATED: 38 min ago
$649,900
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,041
    SQFT
  • $129
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1978
County:
Area:

School Ratings & Info

Description

Great 6 unit investment. Many updates include flooring, paint, and bathroom updates in several units. VERY VERY long term tenants with room to increase rent. 3 Two-Bedroom units, 3 One-Bedroom Units. Management Office has backlog of potential tenants, INCREDIBLY LOW vacancy. Fantastic armchair investment. Owned Coin Laundry adds even more income!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-04T11:55:18.293 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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406 Inland Drive Wheeling, IL 60090

  • Price: $649,900
  • Status: Active Under Contract
  • Updated: 38 min ago
  • MLS #: 11024893
0
Beds
0
Baths
0
½ Baths
0.07
Acres
5,041
SQFT
$129
$/SQFT
1978
Built
Neighborhood:
Wheeling
County:
Cook
Area:
Wheeling
Property Description
Great 6 unit investment. Many updates include flooring, paint, and bathroom updates in several units. VERY VERY long term tenants with room to increase rent. 3 Two-Bedroom units, 3 One-Bedroom Units. Management Office has backlog of potential tenants, INCREDIBLY LOW vacancy. Fantastic armchair investment. Owned Coin Laundry adds even more income!
Exterior Features

Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type Private Road Land Amenities Sidewalks Miscellaneous Outside Balcony/IesEnclosed StairsSecurity LightingStorms And Screens (As Exist) Outdoor Parking 6-12 Spaces Parking Total 6 Roof MembraneRubber Roof Structure Flat

Interior Features

Cooling Window Unit(S) Electric Circuit Breakers Fire Protection Alarm MonitoredFire Extinguisher/S Heat Ventilation Central Heat/Indiv ControlsGasHot WaterRadiators Miscellaneous Inside Laundry Room Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dryers 1 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 3 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 3 Number Of Units Apt Type2 3 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 1

Property Features

Additional Parcels YN No Association Fee Includes ParkingInsuranceLawn CareScavengerSnow RemovalOther Built Before1978 YN No Current Use Multi-Family Electric Expense 550 Expense Year 2020 Exterior Building Type Brick Fuel Expense 2400 Gross Income 68100 Gross Scheduled Income 70500 Insurance Expense 2000 Janitor Expense 1800 Lot Size Dimensions 60X30 Maintenance Expense 0 Monthly Income Max1 950 Monthly Income Max2 1025 Net Operating Income Year 2020 Operating Expense 30182 Other Expense 4800 Owners Assoc YN Yes Possible Use Multi-Family Tax Annual Amount 15725 Tax Year 2019 Tenant Pays Air ConditioningElectricity Total Monthly Income 5675 Trash Expense 0 Type Multi Family Cluster Utilities Sanitary SewerWater-Municipal Water Sewer Expense 4200 Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2021-08-04T11:55:18.293 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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